@techreport{Buscher1999Exchange,
abstract = {In this paper, a survey on theoretically expected and empirically proved impacts of exchange
rate volatility is given. With regard to the West German unemployment, the effects of
volatility are empirically analysed using three different volatility measures and four country
groups. In autoregressive models, a significant disturbing impact of volatility can be found
with annual data as well as with monthly data for the whole period. While this impact does
not differ for the three volatility measures, it is, however, less strong when using the monthly
data. Differentiating for different subperiods by use of the monthly data, the reported impact
is stronger for relatively stable periods and country groups. When isolating the cyclical
component of the unemployment rate, it can be demonstrated that the whole reported
impact solely affects this component. In a dynamic Okun-type relation, an additional
significant impact of volatility, however, cannot be proved for all subperiods.},
address = {Bonn},
author = {Herbert S. Buscher and Claudia Mueller},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {F31; E32; F16; 330; European Monetary Union; exchange rate volatility; Okun?s law; West German labour market; Wechselkurs; Volatilit\"{a}t; Besch\"{a}ftigungseffekt; Arbeitslosigkeit; Okuns? Law; Konjunktur; Europ\"{a}ische Wirtschafts- und W\"{a}hrungsunion; Sch\"{a}tzung; Deutschland},
language = {eng},
number = {37},
publisher = {Institute for the Study of Labor (IZA)},
title = {Exchange Rate Volatility Effects on the German Labour Market: A Survey of Recent Results and Extensions},
type = {IZA Discussion paper series},
url = {http://hdl.handle.net/10419/20876},
year = {1999}
}